LGT Fund Management Co Ltd. Purchases 30 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

LGT Fund Management Co Ltd. boosted its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 3.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 930 shares of the apparel retailer’s stock after acquiring an additional 30 shares during the period. LGT Fund Management Co Ltd.’s holdings in Lululemon Athletica were worth $356,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in LULU. Maverick Capital Ltd. bought a new stake in Lululemon Athletica in the 3rd quarter worth $93,476,000. The Manufacturers Life Insurance Company grew its holdings in Lululemon Athletica by 136.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 529,295 shares of the apparel retailer’s stock worth $143,624,000 after acquiring an additional 305,302 shares during the last quarter. Southpoint Capital Advisors LP bought a new stake in Lululemon Athletica in the 3rd quarter worth $81,405,000. River Road Asset Management LLC bought a new stake in shares of Lululemon Athletica during the 3rd quarter valued at about $79,503,000. Finally, Los Angeles Capital Management LLC boosted its stake in shares of Lululemon Athletica by 248.5% during the 4th quarter. Los Angeles Capital Management LLC now owns 323,031 shares of the apparel retailer’s stock valued at $123,530,000 after purchasing an additional 230,349 shares in the last quarter. Institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Stock Down 4.9 %

Shares of Lululemon Athletica stock opened at $347.81 on Tuesday. The firm has a market capitalization of $42.36 billion, a P/E ratio of 25.11, a P/E/G ratio of 2.22 and a beta of 1.19. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $480.94. The firm’s 50 day moving average is $386.10 and its two-hundred day moving average is $330.91.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.69 by $0.18. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same period last year, the company earned $2.53 earnings per share. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. As a group, research analysts expect that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $387.11, for a total value of $782,736.42. Following the transaction, the insider now directly owns 6,198 shares of the company’s stock, valued at $2,399,307.78. The trade was a 24.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $405.54, for a total value of $10,085,779.80. Following the completion of the transaction, the insider now directly owns 12,429 shares in the company, valued at $5,040,456.66. This represents a 66.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on LULU. Needham & Company LLC raised shares of Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 target price on the stock in a research note on Friday, January 10th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Lululemon Athletica from $292.00 to $396.00 and gave the company a “hold” rating in a research note on Monday, December 9th. TD Cowen lifted their price target on shares of Lululemon Athletica from $382.00 to $383.00 in a research report on Thursday, December 5th. Morgan Stanley lifted their price target on shares of Lululemon Athletica from $414.00 to $420.00 and gave the company an “overweight” rating in a research report on Wednesday, January 15th. Finally, BMO Capital Markets lifted their price target on shares of Lululemon Athletica from $265.00 to $302.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $399.14.

Lululemon Athletica Company Profile

Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.